“Article Says, FHA May Drop Monthly Premiums Again”

“Article Says, FHA May Drop Monthly Premiums Again”



At the time that President Obama came out with the lowering of the monthly mortgage insurance premiums it was applauded by almost everyone. There were many who said, we will eventually need to do a bailout for FHA and just the opposite is the case.


I was reading an article over the weekend that indicated the results have actually created more revenues, rather than less and even more importantly there are more homeowners getting FHA mortgages to buy their homes.


So let’s think beyond FHA, would it be the same result if personal and business income taxes were lowered? There has been so much discussion about the lowering of taxes during this presidential campaign and the debates, but unfortunately only on one side. Lower taxes will mean a bigger and stronger economy.


The results of the lowered FHA fees would have the same effect, but why do we need to wait for the results of the next election? This should not be Republican or Democratic issue; this should be a National issue that needs to be addressed sooner rather than later.


What are your thoughts?


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Joe Petrowsky, NMLS #6869

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Comment balloon 23 commentsJoe Petrowsky • November 04 2015 01:25PM


Good morning Joe. Common sense has no place at the table when politics are involved. Everyone wants credit without undertaking the burden. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) about 5 years ago

Hi Joe.  Most politicians take a stupid pill when they cross the Potomac.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) about 5 years ago

I would love to see lower taxes in the way of a more sane and equitable tax system with no deductions.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) about 5 years ago

Good morning Joe.  Wouldn't it be nice if there were no Democrats or Republicans or for that matter no political entities.  Just a group of people all on the same page wanting only the best for American.  A pipe dream for sure but I can dream the dream.

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) about 5 years ago

Good morning Joe,

As with anything government becomes or is involved with they become experts in a field they have no knowledge of.

Make yourself a great day.

Posted by Raymond E. Camp, Licensed Real Estate Salesperson Greater Rochester (Howard Hanna Real Estate Services) about 5 years ago

Joe, I agree it is a discussion to be had...FHA could use an adjustment but the bounce to the economy would be a change in federal taxes to help all consumers & spur the economy on...let's push!

Posted by Ginny Gorman, Homes for Sale in Southern RI and beyond (RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate) about 5 years ago

Joe: Common sense is not always so common when politics are involved. We will see if they even make changes after the election...lots of talk, talk, talk!

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (Coldwell Banker Access Realty ~ 478.960.8055) about 5 years ago

Excellent topic and very interesting comments too Joe.  I think Anita Clark hit the nail on the head.

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) about 5 years ago

Joe.  I have to agree with Anita Clark whole heartedly.  Yak yak yak when it comes to politicians.  Mark

Posted by Mark Don McInnes, Sandpoint, North Idaho Real Estate - 208-255.6227 about 5 years ago

Joe... all I can say is BINGO! The problem is that you are talking about a common sense solution and there's no common sense left in Washington, DC.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Realty) about 5 years ago

MIP is kind of like a smoke & mirrors trick wheras it automatically disappeared at a point of 78% of the original principal it now continues through to the end of the loan. Thinking beyond FHA scares me even more if this treatment was applied further. I would much rather see a "pay as you go" process than one which involves future generations that haven't even been thought of yet. 

Posted by Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty) about 5 years ago

Joe, because that's common sense and it would help our economy rather than bring it down.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 5 years ago


We need to develop a common sense pill.  Think of how well things would go.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) about 5 years ago

It seems everything has to turn political when it should just be national as you said.  Should be an interesting year with another presidential election and nothing getting done until it is over.

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 5 years ago

Joe Petrowsky FHA hasn't lost any money because the market has been going up. But will happen when it goes down again?

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) about 5 years ago

Oh, Joe, Joe, Joe --- here you are talking about common sense again.   Will you ever learn?     Common sense and the government -- nah, it's not going to happen.   

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 about 5 years ago

Joe - yes, yes, yes.  A rising tide lifts all ships.  Lower taxes and less regulation.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 5 years ago

Without being too political Joe Petrowsky, less government involvement in every phase of life is ALWAYS  a better idea. 

Posted by DEANNA C. SMITH CERTIFIED MOBILE NOTARY, Highest Ranked Certified Mobile Notary in Virginia (Certified Mobile Notary Signing Agent) about 5 years ago

Joe I agree, and the reason why it will not be done before the election is because one side can't see beyond their need to spend more and more tax dollars and are afraid of doing anything which will take away from their addiction.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 5 years ago


Lowering the FHA monthly premium . . . . will put more money into the economy.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) about 5 years ago

Joe did you say Common Sense? Show  me a politician outside or Ronald Reagan that actually believed and used common sense?:)) It is the polar opposite of politicians...instead they are entitled ...... fill in the blank, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 5 years ago

I am afraid it depends on the reason what it would be spent on. If only to deepen the socialist agenda, than no, you need more taxes for that, as it does not produce revenue... If strengthening the economy and empowering businesses, then sure...

Posted by Jon Zolsky, Daytona Beach, FL, Buy Daytona condos for heavenly good prices (Daytona Condo Realty, 386-405-4408) about 5 years ago

The big thing that I don't get are all of the promises and then the lack of follow-through after elections. If we did business like this, well, we wouldn't BE in business for long. 

Posted by Gayle Rich-Boxman Fishhawk Lake Real Estate, "Your Local Expert!" 503-755-2905 (John L Scott Market Center) about 5 years ago